Pot Stocks Smoked

Pot Stocks Smoked

After an exuberant few days of Reddit-Raider rampaging, stoner-stocks are stumbling this morning with TLRY getting clubbed like a baby seal.

A small basket of the most discussed pot stocks on Reddit has dropped notably…

Source: Bloomberg

Sundial is barely holding on to gains, but is down hard already…

But Tilray is down over 30%…

“As witnessed with GameStop and AMC, retail investors from the WallStreetBet Reddit crowd obviously have a lot of influence and power,” said Matt Hawkins, managing partner at Entourage Effect Capital, a cannabis-only private equity firm, and now they have got bored and moved on it appears, rotating back to short-focused penny stocks…

Source: Bloomberg

Tyler Durden
Thu, 02/11/2021 – 10:11
Source: Zero Hedge News

 13 total views,  1 views today

If providing this article has been helpful for you, please consider a donation.